Ellomay Capital (Ellomay Capital) LT-Debt-to-Total-Asset : 0.65 (As of Dec. 2023)

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What is Ellomay Capital LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Ellomay Capital's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.65.

Ellomay Capital's long-term debt to total assets ratio increased from Dec. 2022 (0.63) to Dec. 2023 (0.65). It may suggest that Ellomay Capital is progressively becoming more dependent on debt to grow their business.

Ellomay Capital LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ellomay Capital's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Ellomay Capital LT-Debt-to-Total-Asset Chart

Ellomay Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.48

0.59

0.38

0.63

0.65

Ellomay Capital Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.63	0.68	0.66	0.65	0.65

Ellomay Capital LT-Debt-to-Total-Asset Calculation

Ellomay Capital's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	431.539	/	668.323
	=	0.65

Ellomay Capital's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	431.539	/	668.323
	=	0.65

Ellomay Capital (AMEX:ELLO) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Ellomay Capital LT-Debt-to-Total-Asset Related Terms

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Ellomay Capital (Ellomay Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Ellomay Capital Ltd (AMEX:ELLO) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

ELLO:Israel NUR:Germany

Address

18 Rothschild Boulevard, 1st Floor, Tel Aviv, ISR, 6688121

Website

https://www.ellomay.com

Ellomay Capital Ltd is focused on the utility sector. It is an Israeli public company, which focuses its business in the energy and infrastructure sectors worldwide. The company's operating segment includes Photovoltaic power plants (PV Plants); Dorad Energy Ltd. (Dorad); Groen Gas Goor B.V. and Pumped storage hydro power plant (Manara). It generates maximum revenue from the Dorad segment. Geographically, it derives a majority of its revenue from Spain.